This $4 million Frank Lloyd Wright home is an architectural marvel

“It’s a truly unprecedented market in a lot of ways,” Whitney Airgood-Obrycki, a senior research associate at the Harvard housing center, told Reuters.The Federal Reserve Bank of Atlanta officially named Georgia’s capital city “unaffordable” earlier in the year, but that was only the beginning of local market woes.In late November, mortgage rates closed in on 7% — a level realtor.com reported has not been seen in 20 years. .According to realtor.com, home prices are beginning to fall and are expected to drop far more still due to the rising mortgage rates.A modern Atlanta household needs to earn $116,890 a year before taxes to afford a median-priced home.

“We have no longer an outside and an inside as two separate things. Now the outside may come inside, and the inside may and does go outside. They are of each other. Form and function thus become one in design and execution if the nature of materials and method and purpose are all in unison.” — Frank Lloyd Wright

According to listing agent Crosby Doe, this commonly quoted passage precisely describes the Randall Fawcett House — a creation of iconic architect Frank Lloyd Wright. Now on the market for a cool $4,250,000, the 4,041 square foot estate comes with 76 acres of California land.

“That this unity is achieved at Fawcett Farm cannot fully be conveyed by words and pictures, but only by direct experience,” Doe said in the online listing. “Sited on 76 acres of land in California’s Central Valley that Buck Fawcett characterized to Wright as the most fertile agricultural land in the world, the residence and surrounding gardens afford an island of peace rising from the crops and merging with the distant mountains on the far horizon. A multi-award winning world class restoration and enhancements to the landscape, gardens, and security have been completed by the second owners in consultation with Eric Lloyd Wright, and overseen by Taliesin Associate architect Arthur Dyson.”

The 1961 estate is equipped with seven bedrooms, six bathrooms and a number of luxurious amenities.

“The gated property includes: Main residence with open-plan living, dining and family areas, four plus bedrooms, offices, five baths, kitchen, and service room/laundry, with fireplaces in the living room, family room and master bedroom,” Doe said. “Additionally, there is a semi-attached small museum, a large detached workshop, swimming pool, Koi pond and Japanese garden.”

Listing by Crosby Doe Associates, Inc.